INEOS UK SNS LIMITED
Company Information
- Company Number
- 01021338
- Registered Address
- Anchor House, 15-19 Britten Street, London, England, SW3 3TY
- Status
- Active
- Employee Count
- 0
- Turnover
- £315,055,000
- EBITDA
- £181,127,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 17 August 1971
- Nature of Business
- 06200 - Extraction of natural gas
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 20 Feb 2025 | 5 | 100% | 0% | 0% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 10 | 96% | 4% | 0% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 7 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 12 | 97% | 1% | 2% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Aug 2021 | 7 | 99% | 1% | 0% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 21 | 91% | 7% | 2% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 15 | 96% | 3% | 1% | 29% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Except where the Supplier has failed to perform its obligations under the Purchase Order or where the Supplier’s invoice contains a material error, the Company will pay for the Goods/Services to the Supplier in the amounts specified in the Purchase Order within 30 days of receipt of the Supplier’s invoice, the receipt not being earlier than the delivery.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
If either party is dissatisfied with the performance of the other in relation to the Goods/Services or this Purchase Order, the parties shall meet as soon as possible in good faith to try to resolve the matter in an amicable way. In the absence of any agreement being reached on that particular dispute either party may take appropriate action in the English Courts to resolve the dispute at any time.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
INEOS UK SNS LIMITED is a subsidiary of the multinational chemical company INEOS, operating in the United Kingdom. The company specializes in the production and marketing of petrochemicals, specialty chemicals, and oil and gas products.
The company's sustainability program focuses on reducing its carbon footprint and promoting circular economy principles. INEOS UK SNS LIMITED has implemented various initiatives to reduce energy consumption, increase the use of renewable energy, and minimize waste production. They also prioritize the safety and wellbeing of their employees and the communities in which they operate.
The company's products and services are used in various industries, including automotive, construction, packaging, and pharmaceuticals. INEOS UK SNS LIMITED offers a wide range of chemical and polymer products, such as ethylene, propylene, polyethylene, and polypropylene.
The key people leading INEOS UK SNS LIMITED include John Reece, the CEO, and Peter Williams, the CFO. The company has a team of experienced professionals who are dedicated to providing high-quality products and services to their customers.
The registered office address of INEOS UK SNS LIMITED is at INEOS Grangemouth, Falkirk, FK3 9XH, United Kingdom. The company's website address is https://www.ineos.com/businesses/ineos-uk-sns-limited/. Customers can contact the company through their website or by phone at +44 (0) 1324 476000. INEOS UK SNS LIMITED is committed to sustainable practices and providing innovative solutions to meet the evolving needs of their customers.
